Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Estonia
LRAC25TTEEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.62
Year-over-Year Change
2.28%
Date Range
1/1/2000 - 1/1/2025
Summary
The Labor Force Participation Rate measures the percentage of the working-age population that is employed or actively seeking work. This key economic indicator provides insights into the labor market and workforce dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Labor Force Participation Rate for Estonians aged 25 to 54 years old is an important metric for evaluating the strength and utilization of the prime-aged workforce. It is commonly used by policymakers and economists to assess labor market trends and labor force attachment.
Methodology
This data is collected through household surveys conducted by the Estonian national statistical agency.
Historical Context
The labor force participation rate is a crucial input for economic analysis and policy decisions related to employment, productivity, and social welfare.
Key Facts
- The labor force participation rate for Estonians aged 25-54 was 87.3% in 2021.
- Estonia has one of the highest prime-age labor force participation rates in the European Union.
- Participation rates tend to be higher for men than women in this age group in Estonia.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate measures the percentage of the working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insights into the strength and utilization of the prime-aged workforce, which is crucial for evaluating labor market dynamics and economic performance.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Estonian national statistical agency.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a crucial input for economic analysis and policy decisions related to employment, productivity, and social welfare.
Q: Are there update delays or limitations?
A: There may be delays in the publication of this data, and the survey methodology may have some limitations in coverage or sampling.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Estonia (LRAC25TTEEQ156S), retrieved from FRED.